In today's real estate market, IRC §1031 tax-deferred exchanges can be one of the most important planning tools available to the real estate investor. The use of this technique is filled with pitfalls and traps. This course will assist the practitioner in understanding the mechanics of a tax-deferred exchange and the value of a tax-deferred exchange in both tax and financial planning.

Objectives

To provide tax practitioners with an understanding of the mechanics of a tax-deferred exchange and the value of applying it in tax and financial planning.

Highlights

* Complete explanation of IRC §1031 * Understand when to use a tax-deferred exchange * Advantages and disadvantages of paying the tax versus using an exchange * Understand the definition of like-kind property * Understand what a qualified intermediary is * Understand the need for an exchange accommodation title holder * Understand a reverse exchange * Understand a build-to-suit exchange * Understand the forty-five-day rule and how to calculate it * Understand what a related party/disqualified party is * Precautions for property identification * Partnership versus tenancy in common issues * Investment property versus property held for sale

Who Should Attend

CPAs, EAs, attorneys, finance professionals, and financial planners

Course Level

Basic

Prerequisites

None

Course ID

1031-4

Discussion Leader

Shelli Huston, Werner Rocca

CPE Credit

4 Hours

Additional Information:

Lunch is included if registered for both courses (1031-4 & MITI4) on same day. Parking is available on-site.